Friends of Manufacturing

NAM Welcomes Introduction of MTB Legislation, Urges Quick Congressional Passage

|

Manufacturers welcome the introduction today by House Ways and Means Chairman Kevin Brady (R-TX), Ranking Member Richard Neal (D-MA), Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) of the bipartisan, bicameral Miscellaneous Tariff Bill (MTB) Act of 2017 (H.R. 4318). The MTB would support jobs, promote innovation and enhance the competitiveness of manufacturers across the United States by temporarily eliminating out-of-date distortive taxes on products not manufactured or available in this country.

In 2016, the House and Senate, with near-unanimous bipartisan support, created a transparent, objective, predictable and regularized process for Congressional review and consideration of the MTB through the American Manufacturing Competitiveness Act of 2016 (AMCA). Through that process, thousands of petitions were reviewed over the last year by the independent U.S. International Trade Commission (ITC) and other parts of the U.S. government, and the ITC put together a final report sent to Congress in August with more than 1,800 petitions that it deemed to meet the requirements of the AMCA.

Full Post

Back